Exam 3 Quizzes

Question 1

An exchange or transfer of goods; services; or funds is called a

Answer 1

transaction

Question 2

T or F? It is never acceptable to use white out to correct errors on ledgers

Answer 2

Correct Answer is True

Question 3

The description column on the patient ledger is used to

Answer 3

describe the specifics of the transaction; such as check number

Question 4

The term third party payer refers to

Answer 4

insurance company

Question 5

The column on the ledger card that is used for entering payments received is the

Answer 5

credit column

Question 6

T or F? An insurance benefit that is always stated as a percentage is the co-pay

Answer 6

Correct Answer is False

Question 7

T or F? Providers who choose to not participate with an insurance company are not obligated to collect only the amount allowed by the insurance

Answer 7

Correct Answer is True

Question 8

T or F? Daily transactions must only be recorded on patient ledgers

Answer 8

Correct Answer is False

Question 9

T or F? An amount that negatively or positively affacts an account balance is placed inot the adjustment column

Answer 9

Correct Answer is True

Question 10

A typical day sheet has ? Sections

Answer 10

five

Question 11

sending patient statements by dividing up the accounts and sending each group at different times during the month

Answer 11

cycle billing

Question 12

an amount that increaseas a practices assets; decrease liabilities; or decreases earnings

Answer 12

debit

Question 13

a system to provide an accurate way to collect statistics to record morbidity (disease) and mortality (death)

Answer 13

icd-9 codes

Question 14

an amount that negatively or positively affects an account balance

Answer 14

adjustment

Question 15

an amount that decreasesa assests; increases liabilities; or increases earnings; such as payments received

Answer 15

credit

Question 16

tranferring information from one record to another

Answer 16

posting

Question 17

a listing of the diagnoses; procedures; and charges for a patient’s visit

Answer 17

encounter sheet

Question 18

the person responsible for the balance due on a patient’s account

Answer 18

guarantor

Question 19

a listing of descriptive terms and identifying codes for reporting medical services and procedures

Answer 19

CPT codes

Question 20

the money owed to a practice

Answer 20

Accounts receiveable

Question 21

A CMS 1500 can be generated and printed through

Answer 21

claims management screen

Question 22

In Medisoft; the case number refers to

Answer 22

the reason the patient is seeing the physician

Question 23

Charges for a particular date of service are entered in Medisoft in the

Answer 23

activities menu

Question 24

A transaction in medisoft can be? An adjustment to the patient’s account; charte to a patient’s account; a payment made by an insurance company; all

Answer 24

all

Question 25

T or F? The data entered in the transaction screen is the date the claim will be filed

Answer 25

Correct Answer is False

Question 26

T or F? Every patient should have a walkout recipt indication a payment has been made

Answer 26

Correct Answer is False

Question 27

The patient’s name can be found in the drop down list called

Answer 27

chart

Question 28

T or F? Claims can be submitted either electronically or on a paper CMS1500 using medisoft

Answer 28

Correct Answer is True

Question 29

T or F? Medisoft does not have the capabilities of allowing CPT codes to be linked to dx codes

Answer 29

Correct Answer is False

Question 30

T or F? Patient’s chart numbers are assigned by medisoft beginning with the letters of the patient’s last name

Answer 30

Correct Answer is True